BP studies building UK’s biggest blue hydrogen plant on Teesside
BP said March 18 it will consider developing what would become UK’s largest blue hydrogen plant on the northeast coast of England as part of a plan to transform the Continue Reading
Crude rangebound as US stock draw offsets European demand concerns
Crude oil futures were rangebound during the mid-morning trade in Asia March 17, as a surprise draw in US crude inventories helped ease concerns over weak European demand and increased Continue Reading
Spare production capacity to erode in absence of fresh investments, warns IEA
The world’s oil production capacity is expected to slow in the medium-term as the market digests the full impact of COVID-19 and the pivot toward cleaner energy, the International Energy Continue Reading
API Surprises Analysts With Unexpected Crude Draw
The American Petroleum Institute (API) reported on Tuesday a surprise draw in crude oil inventories of 1 million barrels for the week ending March 12. Analysts had predicted an inventory Continue Reading
WTI Closes Below $65
Oil fell the most in a week as investors assessed the state of the demand recovery. (Bloomberg) — Oil fell the most in a week as investors assessed the state Continue Reading
Oil Retreats for Third Day as WTI’s Contango, Dollar Take Toll
Oil retreated for a third day to trade below $65 a barrel, hurt by weakness in the market’s near-term pricing structure and a firmer dollar. West Texas Intermediate fell 0.9%, Continue Reading
Oil drops as COVID-19 vaccine halt threatens demand
Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude stockpiles unexpectedly fell last week. Several European countries Continue Reading
Oil demand drag takes toll on tankers, U.S. refiners
U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, Continue Reading
World oil demand may have peaked in 2019 amid energy transition: IRENA
Global oil demand may have hit the peak in 2019 and natural gas will follow suit around 2025, the director general of International Renewable Energy Agency said March 16, as Continue Reading
The Greenland ice sheet may be more vulnerable than we knew to global warming, new study shows – The Washington Post
At first, Andrew Christ was ecstatic. In soil taken from the bottom of the Greenland ice sheet, he’d discovered the remains of ancient plants. Only one other team of researchers Continue Reading